National

Number of U.S. IPOs per year

Data: FactSet; Chart: Danielle Alberti/Axios

With two months still remaining in 2021, U.S. IPOs have already sped past the total number of offerings in any prior full year.

The big picture: The activity was driven by a Q1 boom, especially in SPAC offerings. 

Q3 saw “only” 175 IPOs, well short of the 450 in Q1, but far above a typical quarter historically, according to FactSet data. 

The biggest IPO of Q3 was Robinhood Markets, which raised about $2 billion in an offering that valued the company at $32 billion. 

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Snapshot of the IPO frenzy

The activity was driven by a Q1 boom, especially in SPAC offerings.

Initial public offerings (IPO)

A char showing number of U.S. IPOs per year. 

With two months still remaining in 2021, U.S. IPOs have already sped past the total number of offerings in any prior full year.The big picture: The activity was driven by a Q1 boom, especially in SPAC offerings.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Snapshot of the IPO frenzy

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